LONDON (Reuters) - Virgin Group will try to win over shareholders with a sweetened bid for Northern Rock on the eve of a speech by the British Chancellor to Parliament about the struggling UK bank, an unsourced Sunday Times report said.
The firm that built the rail link between China and Tibet plans to list shares, Chinese state media reports. Source: BBC News | Business | World Edition | 20 Jan 2008 | 1:38 pm
ABU DHABI (Reuters) - OPEC dismissed further calls to boost oil output from top consumer the United States, saying the global market is well supplied and the producer group has little control over oil prices near $90 a barrel.
On a futuristic battlefield littered with broken oil wells, burnt-out electric cars and dilapidated wind turbines, you are leading crack military unit on a mission to secure the world's last remaining oil supplies.
AP - Sears Holdings Corp. plans to reorganize into several companies in another bid to pull the ailing 121-year-old retailer out the doldrums, according to a report published Saturday.
FRANKFURT (Reuters) - Germany's Deutsche Telekom wants to step up its efforts to cut labor costs and boost competitiveness by redeploying a large number of its civil servants and slimming down its bloated administration.
FRANKFURT (Reuters) - Siemens hopes to know within months exact details of a corruption case that the U.S. markets watchdog SEC has come to view as the biggest in history, Siemens Chairman Gerhard Cromme was quoted as saying.
The chances of a recession are low even though UK economic growth will slow sharply, a report says. Source: BBC News | Business | World Edition | 20 Jan 2008 | 11:58 am
Reuters - China's central bank on Sunday poured
cold water on the idea that the country's economy can decouple
from the United States. Source: Yahoo! News: Business | 20 Jan 2008 | 6:04 am
Reuters - China's central bank on Sunday poured
cold water on the idea that the country's economy can decouple
from the United States. Source: Yahoo! News: Business | 20 Jan 2008 | 6:04 am
Reuters - Rio Tinto Chief Executive Tom
Albanese on Sunday left the door open to a sweetened takeover
offer from BHP Billiton, but said Rio would be happy to grow on
its own if BHP walked away. Source: Yahoo! News: Business | 20 Jan 2008 | 5:55 am
MELBOURNE (Reuters) - Rio Tinto Chief Executive Tom Albanese on Sunday left the door open to a sweetened takeover offer from BHP Billiton, but said Rio would be happy to grow on its own if BHP walked away.
Democrat Hillary Clinton beat Barack Obama in the Nevada caucus while John McCain swept to victory in the South Carolina Republican primary Source: FT.com - US homepage | 20 Jan 2008 | 4:51 am
BERLIN (Reuters) - Oil at more than $90 a barrel is
concentrating minds in the shipping industry. Higher fuel costs
and mounting pressure to curb emissions are leading modern
merchant fleets to rediscover the ancient power of the sail.
For 30 minutes, uber-car guy Bob Lutz held forth before an audience of business journalist on the final press day of Detroit's International Auto Show.
Pharmaceutical com-panies could cease launching drugs in Britain because of the regulatory hurdles that need to be cleared, according to the UK chief executive of Novartis. Source: Telegraph Business | 20 Jan 2008 | 12:01 am
If the Government succeeds in offloading the crisis-hit Northern Rock on to the private sector it still faces several knotty problems that have arisen out of the debacle. Source: Telegraph Business | 20 Jan 2008 | 12:01 am
Marks & Spencer has lost market share in its core lingerie markets, according to leaked figures from Taylor Nelson Sofres, the market research firm. Source: Telegraph Business | 20 Jan 2008 | 12:01 am
Despite the family-friendly Wii console being less high-spec than its rivals, it still managed to be last Christmas's must-have gadget, says Richard Fletcher. Source: Telegraph Business | 20 Jan 2008 | 12:01 am
Schroders, the fund manager, is to launch a £1bn property fund even as its rival M&G sells one of the City's biggest landmarks at a 25 per cent discount to the price it paid just a year ago. Source: Telegraph Business | 20 Jan 2008 | 12:01 am
John Duffield has good reason to regret last week's events - his profit warning wiped millions from the value of his New Star holding. He talks to Ian Cowie about what went wrong at the once-stellar fund manager Source: Telegraph Business | 20 Jan 2008 | 12:01 am
Northern Rock set up a company to buy customers' repossessed homes at cut price just weeks before it fell victim to the credit crunch, The Sunday Telegraph has learned. Source: Telegraph Business | 20 Jan 2008 | 12:01 am
The super-rich are still splashing out on luxuries, despite the downturn. Can it last? asks Jonathan Sibun. Source: Telegraph Business | 20 Jan 2008 | 12:01 am
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AP - Sears Holdings Corp. plans to reorganize into several companies in another bid to pull the ailing 121-year-old retailer out the doldrums, according to a report published Saturday.